International Renewable Energy Agency (IRENA)’s Post

The transition to renewables is not just about new technology. On #EntrepreneursDay, we'd like to highlight new generation of local and international #RenewableEnergy entrepreneurs who are reinvigorating the #energy space and helping to address otherwise unmet demand through place-based solutions. Challenged by renewable energy startups, established operators are adopting more fluid business models themselves. This report launched at #COP29 draws on the first comprehensive dataset of over 2,300 renewable energy start-ups across Africa and South Asia reveals current ‘hotspots’ and future business opportunities. Sam Fankhauser Aoife Brophy Tonny Kukeera SSE plc Sustainable Energy for All (SEforALL) https://lnkd.in/ekcsj3Pf

The Untapped Potential of Renewable Energy Startups in Türkiye Türkiye is at a pivotal juncture in its journey toward energy independence. With its strategic geographic position and abundant natural resources, the country holds immense potential to become a leader in renewable energy innovation. Yet, the renewable energy sector remains a relatively underexplored frontier for startups and entrepreneurs in Türkiye. Why are we not seeing a surge in startups revolutionizing this space? The demand for clean energy solutions is not just a trend; it is a necessity. Türkiye’s growing population and industrial development are driving energy consumption to unprecedented levels, making the shift to renewable energy critical for long-term sustainability. Solar, wind, and geothermal energy are abundant across the country, offering endless possibilities for innovation. Despite this, renewable energy startups face challenges such as regulatory hurdles, limited access to funding, and insufficient infrastructure for large-scale adoption. One of the most promising avenues lies in solar energy. Türkiye’s southern regions enjoy high solar radiation levels, making them ideal for solar farm installations. However, local entrepreneurs could take this further by exploring AI-driven solutions for optimizing solar panel efficiency or developing low-cost home solar kits to make renewable energy accessible to middle- and lower-income households. Wind energy, another underutilized resource, has significant potential along Türkiye’s Aegean and Marmara coastlines. Startups in this space could collaborate with international investors and government initiatives to bring cutting-edge turbine technologies to the market. Geothermal energy, already somewhat developed in Türkiye, still offers untapped opportunities for startups focusing on sustainable heating and cooling systems for urban environments. For startups to thrive, collaboration between public and private sectors is crucial. Simplified regulations, tax incentives, and access to international green funds can help foster innovation. Türkiye also has a unique advantage: a growing pool of talented engineers and innovators who could drive the renewable energy revolution if given the right resources and support. The question is, how can Türkiye position itself as a hub for renewable energy startups? This requires a collective effort to build ecosystems where innovation is celebrated, funding is accessible, and the risks of entrepreneurship are mitigated. What specific steps can Türkiye take to encourage more startups in renewable energy, and how can international investors contribute to this growth? #RenewableEnergy #GreenStartups #TürkiyeInnovation #SolarEnergy #WindEnergy #Sustainability #EnergyTransition #FutureOfEnergy

The Future is Green: Investing in Renewable Energy Startups In a world where sustainability is more than a buzzword, renewable energy startups are lighting the way to a brighter, greener future.  From harnessing the power of the sun and wind to developing cutting-edge energy storage solutions, these innovators are reshaping how we think about power and sustainability. Why Invest in Renewable Energy Startups? 1️- High Growth Potential: With the global energy transition underway, clean energy solutions are poised for exponential growth. 2️- Environmental Impact: Investing in these startups helps combat climate change, reducing carbon footprints worldwide. 3️- Policy Support: Governments and international organizations are driving renewable energy adoption with incentives and subsidies.  Innovative Trends in the Sector: Solar-powered technologies for urban and rural areas. Offshore wind energy expansion. Breakthroughs in green hydrogen and energy storage. Join the Movement: Investing in renewable energy startups isn't just about returns; it's about powering a sustainable tomorrow. Let's make clean energy the foundation of our future economy! #RenewableEnergy #Sustainability #GreenInvesting #CleanTech #StartupInnovation #FutureOfEnergy

The Renewable Energy Entrepreneurs of the Global South Across the developing world a dynamic cohort of renewable energy entrepreneurs is shaking up the energy sector. They introduce not just a new technology, but new business models, value propositions and innovative ways of providing energy. They are reaching underserved communities in ways established operators cannot. Join us and our panel of practitioners and policy makers, as we explore untapped business and electrification opportunities from renewables and discuss how renewable energy entrepreneurship can be scaled up. Informed by Oxford University’s latest research on 2,300 startups across Africa and South Asia, and over 30 in-depth interviews with renewables operators, we will discuss the role of global operators, local champions and #renewableenergy startups in driving the #cleanenergy transition. Register to attend in person at #COP29: https://lnkd.in/dUguqGws SSE plc OLADE - Organización Latinoamericana de Energía British International Investment Copenhagen Infrastructure Partners

Title: Renewable Energy Startups: Pioneering the clean energy revolution. The world is at a pivotal moment in its energy transition journey. As we face the pressing challenges of climate change and finite natural resources, the shift towards renewable energy has become not just a necessity but an opportunity for innovation and economic growth. A New Wave of Energy Entrepreneurs Renewable energy startups are sprouting up across the globe, driven by the urgent need for clean and sustainable energy solutions. These companies are harnessing the power of the sun, wind, water, and earth to create energy that is both environmentally friendly and economically viable. 1) Solar Power: Shining a Light on Innovation Solar energy startups are making significant strides in improving photovoltaic (PV) systems, making them more efficient and affordable. Advances in materials and manufacturing processes are allowing for wider adoption and integration of solar power into our energy grid. 2) Wind Energy: Harnessing the Breeze Wind energy startups are not far behind, with innovations in turbine technology that are increasing efficiency and reducing costs. AI-powered self-training turbines and larger designs are generating more power, making wind a formidable player in the renewable sector. Storage and Smart Grids The intermittence of renewable energy sources like solar and wind has long been a challenge. However, startups focusing on energy storage and smart grid technologies are developing solutions that enhance grid resilience and ensure a steady supply of green energy. Spotlight on Success: Startups Leading the Charge 1) Alsym Energy - This startup is revolutionizing the battery industry with lithium-free, cobalt-free alternatives, making energy storage safer and more sustainable¹. 2) PipeDreams - As a tech-powered home services provider, PipeDreams is streamlining the integration of renewable technologies into residential spaces. 3) Heimdall Power - With its innovative software and sensors, Heimdall Power is helping utilities maximize the efficiency of their power grids. The renewable energy sector is ripe with opportunities, and startups are at the heart of this transformation. With continued innovation and support, these companies will play a crucial role in achieving a sustainable energy future. As consumers, investors, and policymakers, it's our responsibility to foster an environment where these green pioneers can thrive. The journey towards a renewable energy future is not without its challenges, but with the passion and ingenuity of startups, the goal is well within our reach. Let's support these trailblazers as they work towards a cleaner, greener, and more sustainable world for all. TalentServe #nature #energy #startup #future

Strategic Partnerships.... When two innovators join forces, the push for net zero gets a turbo boost. Case in point: a new partnership between Sweden's SeaTwirl AB and the UK's Verlume. 🇸🇪🤝🇬🇧 SeaTwirl, an wind energy-tech company, and Verlume, specialising in sub-sea systems and energy storage, are blending their expertise to electrify offshore assets and drive decarbonisation in the oil and gas industry. The collab, marked by a memorandum of understanding (MoU) announced last week, aims to leverage renewable power and seabed-based energy storage for cleaner offshore operations. The two companies are gearing up to create combined systems for sale. Verlume’s CEO, Richard Knox highlights how their underwater energy storage units can work with different types of renewable energy. By joining these with SeaTwirl’s cutting-edge floating wind turbines, they’re planning to build powerful systems for a variety of uses below the sea surface. Johan Sandberg, SeaTwirl's CEO, is confident that, thanks to their groundbreaking technologies, working with Verlume can speed up cutting emissions in tough-to-tackle areas. Verlume's recent £2 million project near Orkney showcases their innovative approach. They've linked up Mocean Energy wave energy device with their own Halo underwater battery to show how combining green technologies can provide reliable, eco-friendly power under the sea. Collaborations like these are crucial for progressing towards net zero. By combining their strengths and focusing on strategic solutions, SeaTwirl and Verlume are pushing forward faster. It'd be great to see more organisations follow heir lead! What is the take away for cleantech startups? The challenge is how do you find and develop such partnerships - whats the right fit, synergy and how will it enable your tech and business to be pulled and accelerated to market, not just pushed? That's all part of of Real World Readiness ™ - strategic market analysis and planning, commercial readiness and growth strategy. ☎️ #RenewableEnergy #marinerenewables #Cleantech Image Credit: Verlume

This morning, I had the opportunity to attend Audax Renovables presentation of their 2023 financial results, chaired by Jose Elías Navarro, Executive President, accompanied by Oscar Santos Juvé, General Director, and Anabel López, Generation Director. ⚡ The presentation provided valuable insights into Audax Renovables dedication to sustainable energy solutions, highlighting notable achievements and growth within the renewable energy sector. Their emphasis on driving positive change in the industry, coupled with a focus on innovation and efficiency, was evident throughout the session. 💡   Audax Renovables closed 2023 with its best result in history. Five key facts were highlighted to celebrate this success:   Audax Renovables increased its gross margin by 64% during the last fiscal year, reaching €236 million, resulting in a net profit of €31 million (+304%). 📈 The company achieved its best historical result with a 78% increase in EBITDA, surpassing €96 million. 📈 Last year, Audax Renovables raised its net profit to €31.3 million, compared to €7.7 million in the previous fiscal year. 📈 Audax Renovables reduced both gross and net financial debt, with the NFD vs EBITDA ratio at 2.7x from 6.8x at the end of the previous year. 📉 Audax Renovables ranked in the Top 10 in the Sustainalytics (ESG) ranking in the energy sector. ☀   As an observer, I was impressed by the expertise exhibited by the leadership team and their strategic vision for the future. Audax Renovables continues to set a high standard in the renewable energy field, and I anticipate further success in the coming years. 👀   Congratulations to Jose Elías Navarro, Oscar Santos Juvé, Anabel López, and the entire Audax Renovables team on an exceptional presentation and a year of significant accomplishments. Their contributions to the sustainable energy sector are commendable and worth recognizing. 👏 #AudaxRenovables #RenewableEnergy #Sustainability #2023Results #SuccessStory #GreenEnergy #VerticalIntegration #Diversification #Top10 #Sustainalytics #ESG #EnergySector #Teamwork #Achievements

How can industry more effectively and genuinely partner with First Nations people to deliver much-needed renewable energy projects? Pollination's Erica Lampropoulos GAICD will join Trisha Birch from Balanggarra Aboriginal Corporation RNTBC to discuss learnings from the Aboriginal Clean Energy Partnership, at the First Nations and the Energy Transition Forum. The partnership is a new model for project development in Australia and involves traditional owner groups Balangarra Ventures, MG Corporation and the Kimberley Land Council each taking a 25% stake in the developing entity, alongside Pollination, which also holds 25%. Together, our partnership is working to deliver the East Kimberley Clean Energy Project, a renewable energy powered green hydrogen development in the top end of Western Australia. There's still time to register for the session on December 5, where Trisha and Erica will discuss: • Energy development on Native Title lands • Forming a partnership • Co-designing, and progressing development together • Designing and embedding benefits Find out more about the ACE partnership and East Kimberley project at https://lnkd.in/eR_DTNJ7 Register now to attend the forum at https://lnkd.in/gty8gRVF

🌞 Australian Business Leaders & Energy Innovators! 🚀 The future is bright with the Australian Government's latest incentives for renewable energy and tech industries. Here's the scoop: 💰 Tax Incentives: Hydrogen Production: Grab a $2/kg incentive for renewable hydrogen production, with up to 10 years of funding per project. Critical Minerals: Claim a 10% incentive on processing/refining costs for critical minerals, for up to 10 years per project. 🔌 Renewable Energy Funding: Capacity Investment Scheme: Unlock a staggering $65 billion to revamp the electricity grid Australian Renewable Energy Agency: Access $3.2 billion over the next decade for net zero tech commercialization Innovation Fund: Explore the $1.7 billion Future Made in Australia Innovation Fund for state-of-the-art tech and facilities . 🔋 Battery & Tech Grants: Guarantee of Origin scheme: Fast-track with $32.2 million to certify the emissions intensity of products like renewable hydrogen Consumer Energy Integration: Benefit from $27.7 million to integrate tech like rooftop solar into the grid Agriculture Emissions Reduction: Utilize $63.8 million to cut emissions in the agriculture and land sector Renewable Project Approvals: Gain from $134.2 million to prioritize and speed up approvals for renewable energy projects . 🌞 Solar Sunshot Program: Invest in the $1 billion Solar Sunshot program to enhance clean energy tech manufacturing, especially in solar 🔋 Million Battery Breakthrough: Leverage the $523.2 million Battery Breakthrough Initiative to boost your battery tech capabilities These incentives are an opportunity to lead Australia's sustainable transformation. #RenewableEnergy #Sustainability #Innovation #TaxIncentives #Grants #AustralianBusiness #SolarSunshot #BatteryBreakthrough #FutureMadeInAustralia

More investors are pushing for sustainable impact – growing their capital while positively influencing the planet. “We have certainly seen a growing desire among investors to contribute to positive social and environmental outcomes,” says Luke Spencer-Wilson, HYCAP COO. “As a result, private equity funds specialising in clean energy are seeing substantial growth. This growth is driven by several factors, including policy support, technological advancements, corporate commitments to sustainability, and rising investor demand for green investments. “Governments worldwide are implementing policies to support clean energy development, such as subsidies, tax incentives, and renewable energy mandates. Technological advancements in clean energy reduce costs and increase efficiency, making these investments more attractive. Additionally, large corporations are committing to sustainability goals, increasing demand for renewable energy solutions. Hydrogen Equity Partners UK Limited (HEP), part of the HYCAP Group, is an example of the role of private equity in the clean energy transition. Founded in 2021, HEP invests in private companies within the renewable energy ecosystem, including solar, wind, and energy storage projects. This strategy includes early-stage investments, operational improvements, and strategic partnerships. A notable portfolio company is Yamna , whose large-scale green ammonia initiative involves substantial renewable energy and battery storage capacity. And HYCAP has underlined its investment commitment across the net zero value chain, also investing in Wrightbus , which manufactures EV and hydrogen fuel cell buses; Ryze Hydrogen, which transports and distributes renewable energy; Hygen Energy, a hydrogen production facility; Liquid Wind, a green electrofuel development company, and Zeti , an award-winning innovator in fintech for clean transport adoption. #sustainable #investment #returns #netzero #HCYAP